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08-ICT Mentorship Core Content - Month 1 - Impulse Price Swings and Market Protraction

Last modified by Drunk Monkey on 2022-08-29 04:07
1 00:00:36,600 --> 00:00:52,650 ICT: Okay, folks, we're gonna be looking at impulse price swings, and market protraction. Very similar ideas, but uniquely different. We're gonna first talk
2 00:00:52,650 --> 00:01:06,810 about impulse price swings, a impulse price swing would be something like this. Okay, so we have an impulse price swing down, then we have another impulse price
3 00:01:06,810 --> 00:01:23,220 swing higher, and we have another impulse price swing lower, and the impulse swing higher, followed by impulse swing lower, and a higher swing of impulse
4 00:01:23,280 --> 00:01:34,830 movement higher. Now we have another impulse swing lower, followed by another impulse swing higher, by impulse swing lower, another impulse swing higher, and
5 00:01:34,830 --> 00:01:45,750 ultimately, another impulse swing lower. So we have price swings, moving from high down to a low to another high down to another low, to a high to a low to
6 00:01:45,750 --> 00:01:55,830 another high, making another low, up to a high down to a low up to a high down to a low. When you look at price action, you need to be thinking in terms of
7 00:01:55,860 --> 00:02:08,430 impulse price swings, because inside the impulse price swings, it's going to give you a lot of detail. Now, there are smaller, more specific impulse price
8 00:02:08,430 --> 00:02:24,780 swings, that have a lot more influence over the marketplace in the form of a manipulative move or market making manipulation. So let's take all this off and
9 00:02:24,780 --> 00:02:37,590 focused primarily on protraction. Now, if we look at the market, with the similar ideas, we just illustrated with every impulsive price swing, and then we
10 00:02:37,590 --> 00:02:54,270 add to it time of day. By holding down Ctrl and tapping y on your keyboard, you'll add the vertical delineations for zero GMT. So zero GMT vertical line to
11 00:02:54,270 --> 00:03:14,580 another day divider basically, when we see this, okay, then we can look at time sensitive impulse price swings, which is market protraction. Market protraction
12 00:03:14,610 --> 00:03:26,820 is time sensitive. It's an impulse price swing that is highly sensitive to a time of day. There are three primary protraction airy market moves every 24
13 00:03:26,820 --> 00:03:41,730 hours. The first one is raid at zero GMT, you'll see one little movement away, or lower numbers up or down rate at that delineation in time. You see one here,
14 00:03:41,760 --> 00:03:53,250 it trades down away from it then moves higher. We see this one here trades down then moves higher. You see this one here trades higher. This one here, it trades
15 00:03:53,250 --> 00:04:07,920 higher. And that's all we're gonna look out for for that agent session. I don't believe he has that. Influential initially. The other market protection airy
16 00:04:08,880 --> 00:04:23,490 state is in is in London. And we can take the Ctrl y feature off and just focus on the vertical lines here delineating midnight, New York. Initially right after
17 00:04:23,490 --> 00:04:35,760 midnight, New York on this day, we have a market move higher. This market move here is a protection airy market phase where the market trades up initially at a
18 00:04:35,760 --> 00:04:46,500 specific time of day. So there's an impulse price swing here, but it's designed is to fake out the individuals to chase that initial move after midnight. The
19 00:04:46,500 --> 00:04:57,780 second impulsive price swing stocks in New York. We delineate seven o'clock in the morning and we anticipate if the market has moved lower on London, we're
20 00:04:57,780 --> 00:05:09,480 going to be looking for a retracement higher The impulsive price move higher is market protraction. It's designed and intended for manipulation only. It's to
21 00:05:09,480 --> 00:05:23,700 get traders to think that the markets making a low in this case it rallies up and then trades down ultimately, here again, here's New York time. In New York
22 00:05:23,700 --> 00:05:34,260 session opening market goes into another project in a market state right after the seven o'clock hour going into New York open,
23 00:05:35,370 --> 00:05:49,350 small little retracement in market trades lower, again, seven o'clock in the morning, the market goes into a small impulse price swing higher. This is market
24 00:05:49,350 --> 00:06:00,840 protraction. Its intent is for for manipulation. It's counter direction. In other words, if this move occurs at this time of day, if it goes higher, we
25 00:06:00,840 --> 00:06:11,490 think the opposite direction. If it goes lower, we think the opposite direction. So initially moves higher and the markets been going lower. We see that as
26 00:06:11,490 --> 00:06:21,180 manipulation or market protraction markets gonna seek to draw in participants on the wrong side of the marketplace or reach for liquidity. It has to happen at
27 00:06:21,180 --> 00:06:30,360 seven o'clock in the morning has to happen after seven o'clock in the morning. It has to happen after seven o'clock in the morning. The other one is in the
28 00:06:30,360 --> 00:06:45,210 London session obviously it's after four GMT on the Forex Ltd demo account. If we see a movement higher and we're bearish, you see that as market protraction
29 00:06:45,240 --> 00:07:00,600 or a Judas swing it's a false rally to sell into. Same thing occurs in after New York's seven o'clock in the morning time. We anticipate around up off the London
30 00:07:00,600 --> 00:07:12,780 high. So when we see that we expect the market to go into a projection airy state where it rallies up to reach for liquidity and then expand down this day
31 00:07:12,780 --> 00:07:27,180 here market drops initially right from the midnight candle drops lower then rallies up to this is market protraction it seeks liquidity below the market
32 00:07:27,210 --> 00:07:44,730 over here clearing out lows and then rallies great New York markets one more time little rally in here then sells off the next day London we see initial
33 00:07:44,730 --> 00:07:54,780 rally after a night candle and then it trades lower right after seven o'clock in the morning New York we get one more protection airy state in the marketplace
34 00:07:54,780 --> 00:08:05,850 where the market rallies again, small minor little impulse price swing but it's designed is to manipulate the sentiment and or the thoughts of traders wanting
35 00:08:05,850 --> 00:08:18,780 to be participants. This would look like a low in this run up here would entice buyers in the New York session and then they reverse it having these things in
36 00:08:18,780 --> 00:08:19,320 mind
37 00:08:26,490 --> 00:08:45,420 we can look at the market in the context of what we shared so far for this month, we see a market move down from a market impulse price swing. So, we can
38 00:08:45,420 --> 00:08:46,950 measure that swing down
39 00:08:59,730 --> 00:09:12,060 the high we can use this one has high and this low it retraces back up above equilibrium. So we go into a premium market at the 62% retracement level we can
40 00:09:12,060 --> 00:09:26,460 sell there with a move expecting to see a run below this low or he goes into protraction airy phase after an impulse price swing we can be a seller reaching
41 00:09:26,460 --> 00:09:35,280 for liquidity below the lows and looking over here in previous days. We can find an old low back here as well and market trades down into that level
42 00:09:42,059 --> 00:09:56,189 market makes another impulsive price swing here. In this context the market rallies up with a move higher. In the next london session it's a Judas swing
43 00:09:56,219 --> 00:10:05,189 lower or market protraction airy phase Facing traders, our thinking is going to drop initially, and it rallies up and it rallies up into the New York session.
44 00:10:07,259 --> 00:10:21,149 Right into a premium market. So we're blending, impulse price swings, and then time of day, retreat right back into equilibrium for market protraction, right
45 00:10:21,149 --> 00:10:31,409 in here, and then it expands going lower. Taking out stocks below the lows over here, and aiming for the stocks below these equal lows, which they accumulate
46 00:10:31,409 --> 00:10:53,909 here. Another impulse price swing here, down to the low, right here. Impulse swing up right at the New York, Midnight candle, Judas swing higher, fake move
47 00:10:53,909 --> 00:11:08,399 higher. It trades down. Going into New York, we see another projection a market phase where it trades up right into an area where it's sold off before lower
48 00:11:08,399 --> 00:11:19,349 expansion reaching down into the 30 to 55 level. Why would it reach down there and why is it quickly moving so fast to go down to that level is because you can
49 00:11:19,349 --> 00:11:20,759 see the old low over here.
50 00:11:25,830 --> 00:11:39,510 The difference in in determining impulse price swings in a market protraction is the fact that there is a time element applied to the small impulse swing after
51 00:11:39,510 --> 00:11:54,090 midnight, New York time after 7am New York time at 8pm. New York Time is usually a projection a market phase that enters the marketplace and it's a small little
52 00:11:54,090 --> 00:12:03,000 impulse price swing that's counter the major direction that you're going to see after that specific time of day. So for session trading and for session drills,
53 00:12:03,330 --> 00:12:12,420 you can use this concept to help give you context in your practicing and also build your anticipatory price skills.